1 3 Butadiene Market Segmentation:
Product Segment Analysis
The styrene butadiene rubber (SBR) segment in 1,3 butadiene market is anticipated to capture the largest revenue share during the forecast period owing to its high usage across applications such as tire production, footwear coatings, adhesives, and carpet backing, and increasing export import activities across the globe. According to the Observatory of Economic Complexity, the total trade of SBR between 2021 and 2022 was USD 1.43 billion, with top exporters including Germany (USD 375 million), Japan (USD 190 million), Netherlands (USD 152 million), the U.S. (USD 144 million) and Belgium (USD 90.6 million). Factors such as rising demand for SBR from the tire industry, growing focus on exploring applications of SBR, and increasing investments in developing bio-based SBRs are expected to support segment growth during the forecast period.
End user Segment Analysis
The consumer products segment in 1,3 butadiene market is expected to register rapid CAGR throughout the stipulated timeframe. 1,3, butadiene is a crucial component used for various consumer goods, primarily due to its role in producing synthetic rubber and plastics. The growing demand for durable, lightweight, impact-resistant, appealing products, rising global sneaker culture and demand for comfortable shoes are expected to fuel the demand for butadiene. Moreover, butadiene-based polymers are used in flexible packaging, containers, and food storage solutions, contributing to overall segment growth.
Our in-depth analysis of the global 1,3 butadiene market includes the following segments:
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